ACC (0201) 565 - Legal and Professional Responsibilities of Accountants

Credits: 3.00

Students will examine the nature and impact of law and ethics on the discipline of accountancy. The course addresses the relationship of ethics, social responsibility, government relations, and the role of the accountant. This course attempts to satisfy the most recent pronouncements by the (AACSB) as it relates to commercial law requirements for accountancy.

Course Learning Goals: The student at the end of this course, in a nutshell, should:

1. Students will be taught the fundamental principles of the 1933 Securities Act through assigned readings in the text and a weekly analysis of relevant topics assigned in the Wall Street Journal and actual court cases prosecuted by the United States Department of Justice and Securities and Exchange Commission;

2. Students will be taught the fundamental principles of the 1934 Securities and Exchange Act through assigned readings in the text and a weekly analysis of relevant topics assigned in the Wall Street Journal and actual court cases prosecuted by the United States Department of Justice and Securities and Exchange Commission;

3. Develop a basic understanding of the fundamental principles of the Sarbanes Oxley Act;

4. Review relevant case and statutory law in the business world which young accountants should become familiar with in public accounting;

5. Review relevant case studies on Ethics and Law impacting the practice of accountancy in today’s emerging markets and practice of accountancy.